Technical Analysis
Based on technical indicators, SMFG is showing mixed signals. The RSI(14) at 51.10 indicates neutral momentum, while MACD at 0.07 suggests a slightly bullish trend. The stock is trading above both its 20-day moving average (14.54) and 200-day moving average (13.19), indicating an overall upward trend.
Price Targets
Using Fibonacci levels analysis:
- Resistance levels: R1 at 14.92, R2 at 15.16, R3 at 15.55
- Support levels: S1 at 14.14, S2 at 13.90, S3 at 13.52
- Pivot point: 14.53
News Sentiment & Fundamental Analysis
Recent news flow has been positive for SMFG:
- The company expects record net profit exceeding 1.2 trillion yen ($7.65 billion) for FY2025
- Strong growth across all business segments with expanding domestic opportunities
- The online banking app Olive is performing ahead of schedule and expected to be profitable this fiscal year
- Strategic expansion through alliance with Jefferies Financial Group and plans for IT center in India
Price Prediction for Next Week
Based on technical and fundamental factors:
- Most likely scenario (60% probability): Price range between 14.90-15.16 (R1-R2)
- The strong profit forecast and positive business momentum support upward movement
- Key resistance at 15.16 (R2) needs to be broken for further upside
Trading Recommendation
BUY with entry point at current market price (~14.53)
- Set stop loss at 14.14 (S1)
- First target: 14.92 (R1)
- Second target: 15.16 (R2)
- Position sizing should account for potential volatility around upcoming earnings release
Technical Analysis
Based on technical indicators, SMFG is showing mixed signals. The RSI(14) at 51.10 indicates neutral momentum, while MACD at 0.07 suggests a slightly bullish trend. The stock is trading above both its 20-day moving average (14.54) and 200-day moving average (13.19), indicating an overall upward trend.
Price Targets
Using Fibonacci levels analysis:
- Resistance levels: R1 at 14.92, R2 at 15.16, R3 at 15.55
- Support levels: S1 at 14.14, S2 at 13.90, S3 at 13.52
- Pivot point: 14.53
News Sentiment & Fundamental Analysis
Recent news flow has been positive for SMFG:
- The company expects record net profit exceeding 1.2 trillion yen ($7.65 billion) for FY2025
- Strong growth across all business segments with expanding domestic opportunities
- The online banking app Olive is performing ahead of schedule and expected to be profitable this fiscal year
- Strategic expansion through alliance with Jefferies Financial Group and plans for IT center in India
Price Prediction for Next Week
Based on technical and fundamental factors:
- Most likely scenario (60% probability): Price range between 14.90-15.16 (R1-R2)
- The strong profit forecast and positive business momentum support upward movement
- Key resistance at 15.16 (R2) needs to be broken for further upside
Trading Recommendation
BUY with entry point at current market price (~14.53)
- Set stop loss at 14.14 (S1)
- First target: 14.92 (R1)
- Second target: 15.16 (R2)
- Position sizing should account for potential volatility around upcoming earnings release